First Bancorp, Inc /ME/ (FNLC) Form 8-K — Oct 21, 2026
The First Bancorp (FNLC) reported record Q3 2026 net income of $10.7 million, up 17.5% from $9.1 million a year ago, with diluted EPS of $0.95 versus $0.81 — both new quarterly highs. Net interest margin expanded for a ninth consecutive quarter to 2.99%, up 29 basis points YoY, while the efficiency ratio improved to 47.94% from 50.40%. Earning asset growth of $24.7 million and $106.9 million in deposit growth funded reductions in time deposits and borrowings. Asset quality improved with non-performing loans down to 0.58% of loans from 0.71% linked quarter, capital ratios strengthened (leverage 9.29%), and the company paid a $0.38 quarterly dividend.
Key figures
- Eps
- 0.95
- Net Income
- 10700000
- Total Debt
- 144882000
- Total Assets
- 3251783000
- Shares Outstanding
- 11285552
- Npl ratio
- 0.58%
- ACL to loans
- 0.98%
- Loan growth q3
- 17800000
- Total deposits
- 2786672000
- Ytd net income
- 29224000
- Ytd diluted eps
- 2.59
- Deposit growth q3
- 106900000
- Dividend per share
- 0.38
- Diluted eps q3 2025
- 0.81
- Net interest margin
- 2.99%
- Return on avg assets
- 1.31%
- Net income yoy growth
- 17.5%
- Noninterest income q3
- 4978000
- Leverage capital ratio
- 9.29%
- Net interest income q3
- 22501000
- Efficiency ratio non GAAP
- 47.94%
- Tangible book value per share
- 22.81
- Total risk based capital ratio
- 14.27%
AI analysis
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